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Saturday, November 03, 2007

Dollar Hits New 26-year Low Versus Sterling; Nears 2.09 Mark [GPB/USD]

Dollar Hits New 26-year Low Versus Sterling; Nears 2.09 Mark [GPB/USD]
The dollar hit a fresh 26-year low against the sterling Friday afternoon, extending a 2-week downtrend that has seen the dollar fall more than 6 cents. The dollar slipped to 2.0891 by 3 pm ET, down from an overnight level near 2.08.

Jobs Report Expected To Lift Markets - U.S. Commentary []
Stocks are expected to open Friday's session in positive territory after a strong jobs report issued this morning shook off fears of weakness within the housing and credit markets.

Euro Hits New Peak Versus Dollar, Rallies Versus Sterling Friday Morning [EUR/USD]
The euro advanced on other majors Friday morning in New York, hitting a fresh record peak versus the dollar before paring some its gains approaching mid-day. Meanwhile, the euro was able to claw back some of this week's losses to the sterling.

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